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Freight Rate Update

by ChemOrbis Editorial Team -
  • 18/01/2021 (17:35)
Freight rates from China and Southeast Asia to Turkey recorded massive hikes for January, according to MTS Izmir. Prices have been on a bullish run since the last quarter of 2020 while freights were last reported in November.

Shipping costs and could hardly settle amid a container shortage and tight logistics from November to January while Peak Season Surcharge had started to be applied for loadings from Far East Asia.

Accordingly, freight rates for shipments from China to Turkey spiked $2000-2300 for 20’ containers and $4100-4300 for 40’ containers for January and H1 February. Freight rates from Southeast Asia to Turkey were also up by $2000-2300 for 20’ containers and $4100-4300 for 40’ containers.

Rates from India to Turkey increased by $500 for 20’ containers and $500-600 for 40’ containers.

The following freight rates per container are effective as of January 1, 2021 and contain all applicable costs such as bunker adjustment fees (baf) and currency adjustment fees (caf):

FromTo Freight (USD/20’ container)ChangeFreight (USD/40’ container)Change
Southeast AsiaTurkey3850-4200+2000+23007200-7600+4100+4300
Northwest Europe (ARA)Turkey850-950+100+1001050-1250+100+100
Southern EuropeTurkey600-700NC750-850NC
Middle EastTurkey700-800NC1150-1250NC

The abovementioned freight rates are valid until February 14, 2021. Price ranges for geographical regions are due to freight variations depending on the port.
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